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Updated about 1 month ago, 10/23/2024
Found fix and flip property - need advice asap
I found a 3/3 fix-and-flip property in Miami. The house is in good condition, and the rehab cost will probably be around 40-50k. It has a pool and a nice backyard. The selling price is $700k, and the ARV is around $930k. Right now, it's an ABNB property.
My biggest concern is that some of the houses right across are multi-family duplexes. I don't know if that will bring the price down, and I would have a hard time selling. Thoughts?